total credit share in the GDP. Previous empirical studies show to be sensitive to the choice of the finance proxy indicator …. Total credit share in the GDP appears biased in empirical modeling. Credit structure (loans to firms and households) prove … to be more robust when used in the modeling. Credit structure reveals a different impact on economic growth showing …

The Czech Republic had experienced a credit boom similar to those in other converging economies in the pre-crisis years …. Nevertheless, the consequences of this credit boom were limited as was the impact of the global crisis on domestic financial … tame credit booms in small converging economies, a concerted set of microprudential and macroprudential measures, including …